The Mechanics of Economy: An Alternative Economic Model (Paperback) (ISBN-13: 9781792376528)

Introduction
Money, being essentially a political element, has been utilized for nearly three thousand years by the world's ruling classes to create a distorted and false view of our economies. Now, the current well-established imposed narratives of the ruling class (the economic owners) are so strong that even economists have yet to discern economic facts from these fictional misconceptions. As a result, our current economic views, equations, calculations, and their ensuing conclusions have no scientific base, as they have been distorted by imposed political issues that have no economic root or economic relevance.

The Mechanic of the Economy is a comprehensive and scientific study of economic systems that pursues economic studies in isolation of any imposed political system. In this novel method of economic inquiry, a unique empirical labor unit of SWH (Standard Work-hour) replaces the conventional financial units currently used in economic calculations. Economic research is then perused through labor cost analysis of economic products, where we only use the empirical work unit of SWH. In this manner, the Mechanics of the Economy avoids fictitious non-economical concepts and units, and it sets its inquiry processes on logical and scientific foundations. Monetary concerns and ownership claims have no economic merits or roles in The Mechanics of the Economy as they are imposed narratives of the ruling elite.

The Mechanics of Economy
The Mechanics of the Economy adopts a revised review of economic concepts using an engineering approach based on a logical and rational foundation of labor (non-financial) cost analysis. The Mechanics of Economy differs from conventional economic studies in several ways:

• First, its vision covers the entire history of economies, from their prehistoric distant past to their predictable near future.
• Second, it considers and treats all economic assets, including institutions and virtual assets, such as occupational skills, as products.
• Third, it measures the economic value (or worth) by a labor scale and avoids money in its measurements, evaluation, and calculations.
• Fourth, it calculates a product's actual cumulative labor cost (in SMH) and assigns this value to the product as its embedded labor or economic worth. In the Mechanics of the Economy, labor cost, economic worth, and embedded labor refer to the same work quantity as viewed from different perspectives.
• Fifth, it excludes all political elements such as profits, prices, wages, or financial variables from its considerations, evaluations, and related calculations. So, its economic equations, views, and conclusions remain immune from political and cultural variables that normally impose false perceptions of financial concepts.
• Sixth, it creates and adapts an empirical labor scale of SWH (Standard Work-hour). This unit is universally applicable to all types of works of any trade, craft, or profession, and unlike monetary measurements, it has stable, constant, and empirical value.
• Seventh, it measures all costs and economic values using a single empirical labor scale of SWH.
• Eighth, it develops equations of occupations, which enable us to determine the economic worth (in SMH) of different types of trades, crafts, or professions, their comparative cost ratios, their lifetime worth (as an asset), and their hourly worth. These equations form the main foundation of The Mechanics of the Economy. Unlike financial calculations, these equations and their related conclusions are not subject to cultural, political, geographical, or chronological variables.

Author: Loretta R. Pedrami,Parviz Pedrami
ISBN-10: 1792376529
ISBN-13: 9781792376528
Publisher: Independent Publisher
Language: English
Published: 09/17/2021
Pages: 150
Format: Paperback
Weight: 0.80lbs
Size: 11.00h x 8.50w x 0.32d